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Consolidated Balance Sheets
$ in Millions, $ in Millions
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Assets    
Holding company cash and investments (including assets pledged for derivative obligations – $79.5; December 31, 2019 – $5.5) $ 1,252.2 $ 975.5
Insurance contract receivables 5,816.1 5,435.0
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents – $751.9; December 31, 2019 – $664.8) 5,256.7 4,613.0
Investments in associates (fair value $4,154.3; December 31, 2019 – $4,521.7) 6,439.6 5,984.4
Assets held for sale 0.0 2,785.6
Deferred premium acquisition costs 1,543.7 1,344.3
Recoverable from reinsurers (including recoverables on paid losses – $686.8; December 31, 2019 – $637.3) 10,533.2 9,155.8
Deferred income tax assets 713.9 375.9
Goodwill and intangible assets 6,229.1 6,194.1
Other assets 5,857.2 6,007.3
Total assets 74,054.0 70,508.5
Liabilities    
Accounts payable and accrued liabilities 4,996.1 4,814.1
Derivative obligations (including at the holding company – $22.8; December 31, 2019 – $0.3) 189.4 205.9
Liabilities associated with assets held for sale 0.0 2,035.1
Deferred income tax liabilities 356.4 0.0
Insurance contract payables 2,964.0 2,591.0
Insurance contract liabilities 39,206.8 35,722.6
Borrowings 8,814.0 7,232.6
Total liabilities 56,526.7 52,601.3
Equity    
Shareholders’ equity attributable to shareholders of Fairfax 13,856.6 14,378.1
Non-controlling interests 3,670.7 3,529.1
Total equity 17,527.3 17,907.2
Equity and liabilities 74,054.0 70,508.5
Common shareholders’ equity    
Equity    
Equity in stock 12,521.1 13,042.6
Preferred shares    
Equity    
Equity in stock 1,335.5 1,335.5
Holding company cash and investments    
Assets    
Holding company cash and investments (including assets pledged for derivative obligations – $79.5; December 31, 2019 – $5.5) 1,252.2 975.5
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents – $751.9; December 31, 2019 – $664.8) 280.0 183.9
Assets pledged for derivative obligations (cost $196.1; December 31, 2019 – $146.7) 79.5 5.5
Liabilities    
Derivative obligations (including at the holding company – $22.8; December 31, 2019 – $0.3) 22.8 0.3
Borrowings 5,580.6 4,117.3
Portfolio investments    
Assets    
Holding company cash and investments (including assets pledged for derivative obligations – $79.5; December 31, 2019 – $5.5) 42,108.6 38,235.0
Portfolio investments    
Subsidiary cash and short term investments (including restricted cash and cash equivalents – $751.9; December 31, 2019 – $664.8) 13,197.8 10,021.3
Bonds (cost $14,916.1; December 31, 2019 – $15,353.9) 15,734.6 15,618.1
Preferred stocks (cost $268.3; December 31, 2019 – $241.3) 605.2 578.2
Common stocks (cost $4,635.5; December 31, 2019 – $4,158.2) 4,599.1 4,246.6
Investments in associates (fair value $4,154.3; December 31, 2019 – $4,521.7) 4,381.8 4,360.2
Investment in associate held for sale (fair value $729.5; December 31, 2019 – nil)   0.0
Derivatives and other invested assets (cost $944.4; December 31, 2019 – $1,168.7) 812.4 759.1
Assets pledged for derivative obligations (cost $196.1; December 31, 2019 – $146.7) 196.4 146.9
Portfolio investments | Non-insurance companies, Fairfax India    
Assets    
Holding company cash and investments (including assets pledged for derivative obligations – $79.5; December 31, 2019 – $5.5) 1,851.8  
Portfolio investments | Fairfax India and Fairfax Africa    
Assets    
Holding company cash and investments (including assets pledged for derivative obligations – $79.5; December 31, 2019 – $5.5)   2,504.6
Holding company, insurance, and reinsurance companies    
Liabilities    
Borrowings 6,614.0 5,156.9
Non-insurance companies    
Portfolio investments    
Other assets 3,868.5 4,043.8
Liabilities    
Accounts payable and accrued liabilities 2,566.4 2,734.1
Borrowings $ 2,200.0 $ 2,075.7